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Northwest Georgia publishing firm seeks Chapter 11 reorganization

ROME — The parent company of the Rome News-Tribune and several other publications in northwest Georgia has filed a petition for Chapter 11 reorganization.

Tuesday's filing is aimed at guaranteeing the business will continue, News Publishing Co. President Burgett H. Mooney III said in a story by the Rome News-Tribune (http://bit.ly/VBE8WQ ). He said the publishing firm will be a stronger company as a result.

According to the story, Rome News-Tribune Publisher Otis Raybon told employees, "Our newspaper is going to continue as always. We're going to come out in better shape than we went into it. ... We will cover and report local news and events just as our readers and advertisers expect.

"We will provide the best local news available in both home delivery print and single copy, and on our individual newspaper websites. Our company will emerge from this reorganization period better prepared to serve our communities."

Mooney noted the newspaper industry has endured financial challenges for the past several years.

"We're not immune to that, we've got to restructure our business and that's what we're doing," Mooney said. "Since we've gone through what we've gone through in the economic climate today, it's very important to take this step and do the restructuring so that we can reflect what's possible with the level of business that we can generate now."